Page 12 - India Inc Earnings

Private capex unlikely to pick up despite high profitability: Crisil

Private sector capital expenditure is unlikely to pick up in a sustained way despite India Inc's profitability being near decadal high, domestic ratings agency Crisil said on Thursday. The profitability of India Inc is set to increase for the third year in a row in FY26 on the back of soft commodity prices, the agency said. An analysis of 800 companies excluding ones in the banking and finance and oil and gas sectors revealed that the pre-tax profit margins are set to widen to up to 20 per cent in FY26. It can be noted that the government is leading the investments in the economy for the last few years, and there have been calls for a revival in the corporate capex as well. However, rather than investing to create new capacities, India Inc has deployed money to retire debt and other measures rather than investing it even though the capacity utilisation levels are high. "Their (corporates') ability to invest is not matched by the willingness to invest at this juncture," the agency'

ICICI Sec sees Sensex at 90,000; double-digit earnings growth FY26 onwards

Keeping the price-earnings (PE) multiple intact, our (Nifty) index target gets revised to 27,000 levels i.e. nearly 21x PE on FY27 EPS of Rs 1,300

Havells, PG Electroplast, KEI, Amber: EMS continues to shine, says Nuvama

While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth

More Q3 earnings misses than hits by India Inc add pressure to markets

Earnings upgrade-to-downgrade ratio worst in 22 quarters, says Motilal Oswal

Nykaa shares buzz in weak market after many brokerages raise target price

Most global brokerages have also raised their target prices on Nykaa after Q3 results were announced on Monday, after market hours

Nomura sees muted Nifty returns in 2025, sets December target at 23,784

Nomura Nifty target: Nomura suggests investors stay highly "selective" and bet on stocks and/or sectors with relative valuation comfort

Will Trump 2.0 aid India Inc earnings? Subhash Chand of SMC Global answers

Subhash Chand Aggarwal, chairman & MD, SMC Global Securities says Trump's return may provide several benefits to India due to trade tensions between US and China

India Inc files ECB plans worth $ 2.83 bn in November, shows RBI data

Out of this, the intent for fund raising through the automatic route amounted to $1.39 billion and that via the approval route was $ 1.43 billion, according to RBI data

Time for India Inc to join the capex party and invest more, says Birla

Industrialist Kumar Mangalam Birla on Friday exhorted India Inc to push up the pedal on investment. The government has increased its capital expenditure five-fold in the last decade, Birla said while speaking at a Bombay Chamber of Commerce and Industry's 189th foundation day event here. In the comments that come amid concerns of slowing private capex, chairman of the Aditya Birla Group said his diversified grouping and other large conglomerates have embarked on unprecedented capacity expansion spree. "It is now time for India Inc to join the party this investment fervour needs to be far more widespread," Birla said. "We (businesses) have the capacity and the responsibility to define the vision for development and shape the India of tomorrow," the billionaire added. The comments come at a time when growth has hit a seven-quarter low of 5.4 per cent for the July-September period as per official data. Reluctance to invest and a preference to operate at higher capacities has been ...

Salary, wage expenses growing faster than revenues for India Inc

The analysis is based on a common sample of 667 companies from BSE 500, BSE Mid Cap and BSE Small Cap Index excluding their listed subsidiaries

Sequential revenue growth for India Inc in Q3 on rise in rural demand: ICRA

Rating agency ICRA on Monday said it expects sequential revenue growth for India Inc in the December quarter, led by improved rural demand and uptick in government spending, additionally supported by the festival season. However, headwinds such as uneven urban demand and evolving global uncertainties could weigh on growth in the second half of the fiscal, it said. On balance, ICRA said it expects the operating profit margin (OPM) for India Inc to improve in the coming quarters. As a result, the credit metrics of India Inc in the October-December period of FY25 are estimated to improve with the interest coverage ratio in the range of 4.5-5 times, against 4.1 times in Q2 FY25, the agency said. Commenting on the trends, Kinjal Shah, Senior Vice President and Co-Group Head -- Corporate Ratings, ICRA -- said while corporate India witnessed a muted sequential revenue growth in Q2 FY2025, led by the ongoing slowdown in urban demand, lower government spending amid monsoon-related disruptio

Market Today: F&O rules, Adani Group stocks, NTPC Green IPO, Zinka listing

Investors will closely watch the implementation of new F&O rules, the NTPC Green Energy IPO, coupled with the Maharashtra Assembly election developments and Nifty50 expiry

Tepid earnings growth in September quarter an Asia-wide problem: Nomura

Meanwhile, according to a note by JM Financial, 66 per cent companies under their coverage saw earnings per share (EPS) cuts for FY25

India Inc files ECB intent worth $4.84 billion in September: RBI data

Registrations for ECBs by Indian companies almost doubled to $49.2 billion in the year ended March 2024 (FY24) from $26.6 billion in FY23

Early bird result for Q2FY25 signals a continued slowdown in India Inc

7% top-line growth in Q2 slowest in 5 qtrs; bottom-line expands 5%

Earnings disappointment a catalyst for market correction: Analysts

The developments come at a time when the markets are already grappling with geopolitical developments in West Asia and the uncertainty surrounding the outcome of the US presidential polls

India Inc's spending splurge may not trickle down as small firms struggle

If this year's abundant rainfall tames food inflation, the central bank would have the scope to cut rates more deeply than the half percentage point some analysts currently expect

Market Close Highlights, Oct 10: Sensex adds 144 pts, Nifty nears 25,000; Banking shares shine

Stock Market Close Highlights, Oct 10, 2024: Kotak Mahindra Bank, JSW Steel, HDFC Bank, Bharat Electronics, and IndusInd Bank were among the 23 constituent stocks of the Nifty50 that ended in the gree

No near-term impact of B'desh situation on India's trade: CRISIL Ratings

Crisil Ratings on Tuesday said the recent developments in Bangladesh did not have a significant impact on India's trade and it does not foresee any near-term impact on the credit quality of India Inc. Crisil Ratings said the effect will vary based on industry/sector-specific nuances and exposure. "We do not foresee any near-term impact on the credit quality of India Inc either," it added. However, a prolonged disruption can affect the revenue profiles and working capital cycles of some export-oriented industries for which Bangladesh is either a demand centre or a production hub. Also, the movement in the Bangladeshi currency Taka, will have to be watched, the credit ratings agency said. "Recent developments in Bangladesh haven't had a significant impact on India's trade and going forward, the effect will vary based on industry/sector-specific nuances and exposure. We do not foresee any near-term impact on the credit quality of India Inc either," Crisil Ratings said. Companies into

Post-Covid boom in profits yet to show in India Inc capital expenditure

Corporate profits have grown at a CAGR of 32.4% since FY20 but firms' net fixed assets have grown at 8.6% CAGR in FY20-24